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Devinsu Trading Ltd. Interim / Quarterly Report 2024

Aug 8, 2024

62886_rns_2024-08-08_085125b3-3527-4c6c-8118-7152f087d657.pdf

Interim / Quarterly Report

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DEVINSU TRADING LIMITED

82, Maker Chambers l1I, Nariman Point, Mumbai 400 021 Tel No.: 022-2204 2554/2204 7164; Website : www.devinsutrading.com CIN : L51900MH1985PLC036383; E-mail : [email protected]

To, 8™ August, 2024

The Listing Centre, BSE Limited, Mumbai

Dear Sir/Madam,

Sub : Outcome of the Board Meeting, Un-audited Financial Results & Limited Review Reports for the quarter and period ended June 30, 2024 Re § Scrip Code 512445

This is with reference to the captioned subject. The Board at its meeting held today, inter alia:

  • 1) Approved the enclosed un-audited standalone financial results of the Company for the quarter and period ended 30" June 2024.
  • 2) Took note of the enclosed Limited Review reports for the quarter and period ended 30% June 2024.

Extract of the standalone un-audited financial results as given for publication in the newspapers, 'The Free Press Journal' and 'Navshakti' is also enclosed.

The meeting of the Board of Directors commenced at 16.15 hrs. IST and ended on 17.15 hrs. IST.

Kindly acknowledge the receipt.

Thanking you,

Yours faithfully For Devinsu Trading Limited RAS..A— N2 R &

Rajan Sawant Whole Time Director (DIN 08562840)

z 2 S0 mumaar ));:) AN o AO L 5

B-601, SERENITY, RAHEJA REFLECTIONS. THAKUR VILLAGE, KANDIVALI(EAST), MUMBAI-400101 Mobile: 09820047387 E-Mail : [email protected]

INDEPENDENT AUDITOR'S REVIEW REPORT

To The Board of Directors of DEVINSU TRADING LIMITED

    1. We have reviewed the accompanying statement of unaudited financial results of DEVINSU TRADING LIMITED (the 'Company') for the quarter ended 30" June, 2024 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ('Listing Regulations'). This statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to express a conclusion on these financial results based on our review.
    1. We conducted our review of the statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
    1. We draw your attention to the fact that the figures for the 3 months ended 31% March, 2024 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures upto the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

Our conclusion is not modified in respect of this matter.

  1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results read with the notes thereon prepared in accordance with applicable Indian Accounting Standards (Ind-AS) and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Listing Regulations read with Circulars issued from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For SVP & Associates ICAI FRN: 003838N Chartered Accountants

Yogesh Kumar Singhania Partner Membership No.: 111473 Mumbai UDIN: 2411 |473BKHBNC2E656

8TH August, 2024

DEVINSU TRADING LIMITED

82, Maker Chambers Ill,Nariman Point, Mumbai 400021

CIN : L51900MH1985PLC036383

Tel. No. : 022 - 3521 5146

STAEMENT OF UNAUDITED FINANCIAL RESULT FOR THE QUARTER ENDED JUNE 30, 2024
(Rs. in Lacs except per share data))
Quarter Ended
30.06.2024
Quarter
Ended
(Unaudited) 31.03.2024*(A (Unaudited)
udited)
Quarter Ended Year Ended
30.06.2023
31.03.2024
(Audited)
1. (a) Net Sales/income from Operations
(b) Other Income -
107.65
=
2521
:
2340
-
81.88
Total Income 107.65 25.21 23.40 81.88
2. Expenditure
a. Employees cost 5.48 5.48 462 20.74
b. Listing Fees 0.96 0.96 0.89 3.84
c. Other expenditure 0.54 177 0.49 3.21
Total Expenses 6.98 8.21 6.00 27.79
3. Profit before Exceptional Items and tax (1-2) 100.67 17.00 17.40 54.09
4. Exceptional ftems < =
5. Profit (+)/ Loss (-) before tax (34) 100.67 17.00 17.40 54.09
6. Tax expense
(a) Current Tax 2131 - = -
(b) Deferred Tax 14.33 5.51 -4.38 8.45
7. Net Profit (+)/ Loss () for the period! year (5-6) 65.03 11.49 21.78 45.64
8- Other Comprehensive Income (OCI)
() tem that will not be classified to profit & loss
(i) Equity Instruments through other Comprehensive Income (FVOCI) 44.62 -17.89 45.71 98.56
(ii) income tax effect on above -17.06 2.04 -5.23 -11.28
(b)ltems that will be reclassified to profit & Loss - & - =
Total Other Comprehensive Income 27.56 -15.85
435
40.48 87.28
S Total Comprehensive Income (after Tax) (7+8)
10. Paid-up equity share capital of Face Value * 10/- each
92.59
50.00
50.00 62.26 132.93
50.00
11 Other Equily excluding revauation reserve 50.00 1,390.03
T2 Earnings Per Share (in Re] (Face Value of Rs 10/- each) [Basic & Diluted)
(*Not Annualised)
13.01 230 4.36 913

INOTE :

1) The above results were reviewed by the Audit Committee, and taken on record by the Board at its meeting held on 8™ August, 2024. The| Statutory Auditor has carried out Limited Review of the above results in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure| Requirements) Regulations, 2015.

2) The Company operates in single business segment and hence, the information pursuant to IND AS-108 is not applicable.

3) The Figures for the corresponding pericds have been restated, regrouped,wherever necessary, to make them comparable.

*4) The figures for the quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the full previous| financial year and the published year to date figures up to the third quarter for the previous financial year which were subjected to limited review, by the statutory auditors.

Place : Mumbai

<222/ 5 For DEVINSU TRADING LIMITED| > ~EN 5izl i3( mumsal 7 Date : 08.08.2024 Rajan Sawant

Whole Time Director

DEVINSU TRADING LIMITED
82, Maker Chambers IIl, 215, Nariman Point, Mumbai 400021
Tel. No. : 022 - 3521 5146
CIN : L51900MH1985PLC036383
EXTRACT OF STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30™ JUNE, 2024
(Rs. In Lacs )
30.06.2024
(Unaudited)
31.03.2024
o
(Audited)
Quarter Ended Year Ended Quarter Ended
30.06.2023
9
(Unaudited)
Total Income from Operations 107.65 8188 23.40
Net Profit/ (loss) for the period / year (before tax, Exceplional andlor Extraordinary tems) 587 s
Net Profit/ (loss) for the period / year before tax (after Exceptional andlor Extracrdinary ftems) 10067 1740
Net Profit/ {loss) for the period / year after tax (after Exceptional andior Extraordinary fems) 65.03 45.64 2178
Total Comprehensive Income for the period / year [Comprising Profit{0ss) for the period (afier]
tax) and other Comprehensive Income (after tax)]
92.59 13293 62.26
Equity Share Capital 50.00 50.00 50.00
Earnings Per Share (of Rs. 10/- each) (For continuing and discontinued operations)
Basic and Diluted 13.01 913 436
Other Equity excluding Revaluation Reserve
NOTE :

1) The above is an extract of the detailed format of Quarterly ended 30.06.2024 Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI circular dated 5" July, 2016, The full format of the Quarterly Financial Results is available on the Stock Exchange website: BSE Limited (www.bseindia.com).

2) The above were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 8" August 2024. The Statutory Auditors of the Company have carried out a limited review of the above regylt,

<Pl 'q') //' \</' For DEVINSU TRADING LIMITED| 2r 2) Place : Mumbai >t st M Al ) Date : 08.08.2024 By e | Rajan Sawant O ~ J"*J/ Wnole Time Director